---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-144083"
form_type: "8-K"
ticker: "WOLF"
cik: "0000895419"
company_name: "WOLFSPEED, INC."
filed_at: "2025-06-23T23:59:59+00:00"
generated_at: "2026-05-19T00:36:15.973701+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Wolfspeed announces prepackaged debt restructuring; to cut debt ~$4.6B, dilute equity to 3-5%

## Summary
- Debt restructuring to reduce total debt by ~70% (~$4.6B) and annual interest expense by ~60%.
- Existing equity holders to receive 3.0% or 5.0% of new common stock; current equity interests cancelled.
- Senior Secured noteholders get new notes + $250M redemption at 109.875%; Convertible noteholders get $301.13M rights offering, $296M takeback notes, and 56.3% of new equity.
- Renesas to receive $204M convertible notes, 38.7% of new common stock, and warrants for 5% of equity; contingent consideration if regulatory approvals not obtained.
- Company expects to file Chapter 11 by July 1, 2025, and emerge by end of Q3 2025; operations continue as usual in ordinary course.

## SEC filing metadata
- accession: 0001193125-25-144083
- form_type: 8-K
- ticker: WOLF
- cik: 0000895419
- company_name: WOLFSPEED, INC.
- filed_at: 2025-06-23T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/895419/000119312525144083/0001193125-25-144083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/895419/000119312525144083/d937053d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-144083
- JSON: https://secwatch.observer/filing/0001193125-25-144083.json
- Plain text: https://secwatch.observer/filing/0001193125-25-144083.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.